Dori: Everyone has to see rent control is the wrong optionShareBY DORI MONSON SHOWJANUARY 29, 2018 AT 9:14 AM

(AP Photo/Ted S. Warren, File)There’s an effort in Olympia that would allow cities to implement rentcontrol, even though there is a “consensus among economists that rentcontrol doesn’t work,” as Forbes contributor Roger Valdez puts it.

Washington lawmakers consider abolishing rent control

“What rent control does is it kills off supply because you destroyfinancial inventive to be able to invest in making more housing,” hetold Dori Monson, who believes lifting the ban on rent control would bedisastrous. “If you believe in supply and demand, and high prices are anindication of scarcity, then rent control just accelerates lack of supply.”

Valdez points out that rent control doesn’t mean cost control. Taxes andutility rates will continue to rise, for example.

Valdez says lawmakers in Olympia are trying to say the effort is notabout controlling rent. But what it does is “take the cookie jar off thetop shelf and puts it on the counter.”

“The fact is, if this bill passes and becomes law, there will be rentcontrol in Seattle.”

Dori wonders why there is a push in Washington state when it’s obviouslynot working elsewhere.

“What we’re seeing nationally with tax cuts and reduced regulations onbusiness, it provides for an economic boom. People are making moremoney. It’s undeniable.

“Everyone has to see what our tax cuts have done for the economy andindividual workers, and yet we are 180 degrees different in our regionwith skyrocketing taxes and increased regulation. How do the people seewhat’s going on nationally and say, let’s do everything opposite ofwhat’s working everywhere else in America?”

Valdez says it’s the ideology of Seattle.

“… lefty Democrats — and they’re down in Olympia too — when you hearthem talk about housing you hear them say more money, more money, moremoney. And what we really need is more housing, more housing, more housing.”

Post by a425coupleDori: Everyone has to see rent control is the wrong optionShareBY DORI MONSON SHOWJANUARY 29, 2018 AT 9:14 AM(AP Photo/Ted S. Warren, File)There’s an effort in Olympia that would allow cities to implement rentcontrol, even though there is a “consensus among economists that rentcontrol doesn’t work,” as Forbes contributor Roger Valdez puts it.Washington lawmakers consider abolishing rent control“What rent control does is it kills off supply because you destroyfinancial inventive to be able to invest in making more housing,” hetold Dori Monson, who believes lifting the ban on rent control would bedisastrous. “If you believe in supply and demand, and high prices are anindication of scarcity, then rent control just accelerates lack of supply.”Valdez points out that rent control doesn’t mean cost control. Taxes andutility rates will continue to rise, for example.Valdez says lawmakers in Olympia are trying to say the effort is notabout controlling rent. But what it does is “take the cookie jar off thetop shelf and puts it on the counter.”“The fact is, if this bill passes and becomes law, there will be rentcontrol in Seattle.”Dori wonders why there is a push in Washington state when it’s obviouslynot working elsewhere.“What we’re seeing nationally with tax cuts and reduced regulations onbusiness, it provides for an economic boom. People are making moremoney. It’s undeniable.“Everyone has to see what our tax cuts have done for the economy andindividual workers, and yet we are 180 degrees different in our regionwith skyrocketing taxes and increased regulation. How do the people seewhat’s going on nationally and say, let’s do everything opposite ofwhat’s working everywhere else in America?”Valdez says it’s the ideology of Seattle.“… lefty Democrats — and they’re down in Olympia too — when you hearthem talk about housing you hear them say more money, more money, moremoney. And what we really need is more housing, more housing, more housing.”Unfortunately, they don’t want anybody to build it.Listen to the entire conversation here.27 CommentsShareTop Storieshttp://mynorthwest.com/882259/rent-control-wrong-option/

Comments include

DEC50 • 6 hours agoRent control should be in the hands of the property owner.

6•Reply•Share ›AvatarAttila • 7 hours agoNo, they don't have to see it.

The liberal Kool-Aid drinkers are gulping gallons of it down inCalifornia. In the city of Stockton, the Dems are enacting a "universalbasic income" where government pays each citizen a minimum income justbecause they have an obama to sit on.Get ready because Seattle liberals will bring such awesome "thought" toWashington State and people like Inslee and Sideshow-Bob will be morethan happy to act on it.

•Reply•Share ›AvatarCommon Cents Attila • 44 minutes agoEventually we will have to address the fact that employment as we knowit will not be an option for a large segment of our population. Notsaying that UBI is the answer at all but we had better start having realdiscussions about it.

•Reply•Share ›Avatarjd1958 • 7 hours agoRent control works if you want to change Seattle into a slum. Theyimplemented Rent Control in NYC.....after 20 years. NYC became thebiggest landlord. Owners could not adjust rents up, taxes kept going up,maintenance and upkeep went down to a point to where the owners wereupside down due to taxation. They walked away from their properties andNYC took over. The areas of the South Bronx became war zones. Literally.Same in Brooklyn and Queens. I'm from NYC. I've watched this in action.

Every place I've seen it done, whole sections of cities (except for thesuper-rich) take on a run-down, trashed, unmaintained atmosphere and façade.

It's all about buying/ pandering for the votes of apartment-trolls whoare currently planted in units, and shafting future renters and propertyowners.

3•Reply•Share ›AvatarOgre Is Wise • 6 hours agoThis is not about rent, it's about control. Anything that gets in theway of government control and the lefties will abolish it to thunderousapplause.

4•Reply•Share ›AvatarMike Mailway • 7 hours agoThere is a push for rent control so those renting will vote democratic.It's about getting votes, maintaining power and then getting more moneyfor elected official salaries.

4•Reply•Share ›AvatarCandrewB Mike Mailway • 7 hours agoThe Seattle City Council is non-partisan and usually comes down to farleft vs even farther left. They are not worried about running againstrepublicans.

3•Reply•Share ›AvatarCandrewB • 8 hours agoI predict if Seattle gets this through, it will generally apply tosingle, detached homes and smaller 1-6 unit buildings. No way they stepon their developer friends' toes. Or they'll allow an exemption for thisfee or that. This will force home sales and small unit redevelopmentwhich is what they really want. They dream about all the churn taxes andfees as well as economic activity they can drive to their benefactors.Yes, all of this will remove affordable units but they don't care aboutthat.

1•Reply•Share ›AvatarS. K. • 2 hours agoRent control works to control who owns the property. The city councilobviously has their eyes set on buying valuable properties for pennieson the dollar once they pass the law.

My friend lived in Manhattan from 1972 to 2001 without a rent increase.He moved out to the suburbs because he saved a ton of money on rent andwas able to buy his small farm for cash. Plus the building was a realdump since most of the tenants lived in the building for at least 10 years.

If they pass the law here'w what will happen:a) rents will go through the roof right before the law is implementedsince the building owners will only be able to raise the rent whensomeone moves out.b) building owners will be vigorously enforcing the rental rules toterminate rental agreements so they can get new tenants at the currentmarket rate.c) construction of new apartment units will ceased) Apartment buildings will convert to condos

All in all, fewer apartments available.

The laws of supply and demand will always prevail. Supply will plateauor decrease and rates will continue to increase.

Add more supply to meet or exceed demand and prices will level off ordecrease.

1•Reply•Share ›AvatarThatWasIt • 3 hours agoBut I thought they were set to help make more affordable housing.Rent control Will have the exact opposite effect - One idiot over thelimit...

1•Reply•Share ›Avatarno voice in SAYWA King _Leer • 6 hours agoI would not know, I do not click on any of his links. Even though theyare putting comment links to try and make people think he acceptscomments. It is a pretty desperate move now that his clicks havemassively dropped off. Same with dumb and dumber.

3•Reply•Share ›AvatarKing _Leer no voice in SAYWA • 6 hours agoDid anybody notice there was zero new news since Friday? I come here forthe robust discussion. If I want news,there are options.

2•Reply•Share ›AvatarTheFormerChemist King _Leer • 6 hours agomeh you were being muzzled this past weekend anyway about your diversitycomments....

I have started reading the Oregonian but even they are threatening toturn off their comments sections as well....

2•Reply•Share ›AvatarKing _Leer TheFormerChemist • 5 hours agoYou are probably right. Weird that I was saying I am dead againstdiscrimination in any form. Yes. Apparently that is not correct thinking.